September crude was last down $3.43, or 2.8%, at $121.30 per barrel in New York. Earlier, it touched a low of $120.75, the contract’s weakest intraday level since May 7. “A short-term pullback is a normal and necessary part of any bull market, and crude is no different,” said Sean Brodrick, a natural resources analyst for MoneyandMarkets.com.
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